COHR vs MRVL: Correlation
Measured on weekly returns over the past three years, Coherent Corp. (COHR) and Marvell Technology (MRVL) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and MRVL?
On 3 years of weekly data the COHR/MRVL correlation comes out at 0.57, moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.57). The 5-year figure is 0.56, and annualized covariance runs at 2126.4 %².
By 3-year correlation, MRVL places #19 of the 41 assets tracked against COHR. Neither side won the trailing year by much: +225.6% against +223.5%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.26 and 0.78 over the past three years, so this pair behaves very differently depending on the market environment.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
COHR vs MRVL: side by side
| COHR (Coherent Corp.) | MRVL (Marvell Technology) | |
|---|---|---|
| 1-year return | +225.6% | +223.5% |
| 5-year return | +368.6% | +297.0% |
| Volatility (ann.) | 65.0% | 57.8% |
| Beta vs S&P 500 | 2.76 | 2.19 |
| Max drawdown (3Y) | -54.8% | -60.8% |
| Market cap | $57.8B | $217.0B |
| P/E (trailing) | 71.4 | 82.7 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | COHR | MRVL |
|---|---|---|
| 2022 | -48.6% | -57.5% |
| 2023 | +24.0% | +63.7% |
| 2024 | +117.6% | +83.8% |
| 2025 | +94.8% | -22.8% |
| 2026 | +60.0% | +184.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and MRVL good diversifiers for each other?
Only partially. A correlation of 0.57 means COHR and MRVL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COHR and MRVL?
As of 2026-08-27, the correlation of weekly returns between COHR and MRVL is 0.57 over 3 years, 0.41 over 1 year and 0.56 over 5 years.
Is MRVL a good diversifier for COHR?
Only partially. A correlation of 0.57 means COHR and MRVL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cohr-vs-mrvl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cohr-vs-mrvl/)
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Related comparisons
Hubs: COHR correlations · MRVL correlations
